Farmland Partners Inc. reported a strong Q3 2025, driven by substantial gains from asset sales and a robust Adjusted Funds from Operations (AFFO) performance, although caution was exercised regarding sustainability in future quarters.

• AFFO for Q3 2025 showed significant improvement, although performance may not be replicable next year due to reliance on one-time events.
• The sale of brokerage subsidiary Murray Wise Associates streamlined operations and was a strategic move towards simplification, benefiting shareholders and employees.
• Properties acquired in exchange for $31 million of Series A preferred units have appreciated by 56% over the past decade, highlighting the asset class's growth potential.
• A special dividend targeting between $0.18 and $0.22 per share is planned for January 2026, consistent with the company’s commitment to shareholder value.